1/113 Grand BoulevardJoondalup WA 6027
Property Details for 1/113 Grand Bvd, Joondalup
Last Listing description (June 2026)
Positioned in the heart of Joondalup's thriving CBD, this outstanding commercial investment offers a rare opportunity to secure a high-exposure asset on one of Joondalup's most sought-after streets - Grand Boulevard.Enviably located within the iconic Arthouse Apartments, this property benefits from significant street exposure and strong pedestrian traffic, making it an ideal long-term investment in a tightly held precinct.Currently leased to the well-known Cinnayum Pty Ltd, this is a secure, income-producing asset with a strong tenant profile and long-term lease in place.Investment HighlightsAsking Price: $400,000 (Nil GST - Sold as a Going Concern)Prime Location: Grand Boulevard, JoondalupLeased Investment: Established tenant in placeInternal Area: 52m2Parking: 2 secure car bays (24m2)Total Area: 76m2Strata Levy: Approx. $480 per quarter estimatedLease DetailsTenant: Cinnayum Pty LtdLease Commencement: 1 February 2023Initial Term: 5 years + 5-year optionRent Reviews: 3% annual increasesOption Term: Further 5 years to 2033 (market review)Key Investment Highlight Secure lease in place until 2028 + option to 2033Built-in 3% annual growthStrong 5.7% return with upsideLocated on high-exposure Grand Boulevard, JoondalupNil GST - going concernProperty FeaturesFunctional layout with private rear w/cExcellent street exposure in a high-foot-traffic locationLocated within the prestigious Arthouse complexVersatile space suitable for multiple commercial usesLocation BenefitsSituated in Perth's vibrant satellite city, Joondalup, this property is within walking distance to:Lakeside Joondalup Shopping CityCafes, restaurants, and retail stripJoondalup Health CampusECU UniversityCourthouse & Police StationPublic transport and key amenitiesThis is a set-and-forget investment in a premium location with consistent demand, strong tenant appeal, and long-term growth potential. Opportunities on Grand Boulevard are tightly held and rarely offered to market.For further information or to arrange a private inspection, please contact Doreen Sharma today on 0415 070 683.Disclaimer:This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Property History for 1/113 Grand Bvd, Joondalup, WA 6027
- 28 Mar 2026Sold for $425,000
- 23 Mar 2026Listed for Sale From $400,000 nil gst
- 27 Aug 2024Listed for Sale From $399,000
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0About Joondalup 6027
The size of Joondalup is approximately 10.6 square kilometres. There are 29 parks, covering nearly 24.8% of the total area. The population of Joondalup in 2016 was 9090 people. By 2021 the population was 9193 showing a population growth of 1.1% in the area during that time. The predominant age group in Joondalup is 20-29 years. Households in Joondalup are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Joondalup work in a professional occupation.In 2021, 56.90% of the homes in Joondalup were owner-occupied compared with 56.00% in 2016.
Joondalup has 5,247 properties. Over the last 5 years, Houses in Joondalup have seen a 100.70% increase in median value, while Units have seen a 90.28% increase. As at 31 July 2026:
- The median value for Houses in Joondalup is $1,126,255 while the median value for Units is $717,120.
- Houses have a median rent of $750 while Units have a median rent of $650.
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